Eligible taxpayers can now take advantage of a new starter retirement account available free from the Treasury Department through the MyRA program. Taxpayers can choose to fund a retirement account through payroll deductions, electronic transfers from a savings or checking account, or by choosing direct deposit for their federal income tax refund.
The standard mileage rates for the use of a car, van, pickup or panel truck are 57.5¢ per mile for business miles driven in 2015 (up from 56¢ in 2014), 23¢ per mile driven for medical or moving purposes (down from 23.5¢ in 2014), and 14¢ per mile driven in service of charitable organizations.
Most taxpayers will have until Monday, April 18, to file their 2015 returns and pay any taxes due because of the effect of Emancipation Day, a holiday observed in the District of Columbia. However, residents in Maine and Massachusetts will have until Tuesday, April 19, to file because of the Patriots’ Day holiday.